Rubrik Inc. is acquiring Laminar Technologies Inc., a startup that helps companies map out their cloud-based data assets and find insecurely stored information.

Rubrik didn’t disclose the financial terms in its announcement of the deal today. However, a source told TechCrunch that the acquisition values Laminar at more than $100 million. Two other sources claimed that the deal is worth between $200 million and $250 million.

In a large enterprise, keeping tabs on all the files that employees create can be a challenge. Administrators may not always notice when a record is copied without permission or shared in an insecure manner. Such cybersecurity issues can increase the risk of data breaches.

Tel Aviv-based Laminar has developed a software platform that promises to address that risk. According to the startup, its platform can automatically map out all the records in a company’s cloud environment. The software then uses machine learning to automatically find files that contain sensitive data such as passwords.

According to Laminar, its algorithms also collect other key details about a company’s files. The startup’s software can determine when a record was created, where it’s stored and who can access it.

Laminar uses the information it collects to identify data assets that may be at increased risk of hacking. The platform can, for example, point out records that are accessible to more users than strictly necessary. The platform then prioritizes the cybersecurity issues it finds based on their severity and generates remediation suggestions.

Laminar reportedly amassed a customer count in the “double digits” before its acquisition by Rubrik. The startup also raised $67 million in funding from Salesforce.com Inc.’s venture capital arm, publicly traded cyber security provider SentinelOne Inc. and other institutional backers.

“Together, our teams will create an integrated offering that gives customers the benefits of cyber recovery and cyber posture capabilities, and positions them to be resilient in their fight against cyberattacks,” said Rubrik Chief Business Officer Mike Tornincasa. 

Rubrik is reportedly not the only company that sought to buy Laminar. Earlier this year, reports emerged that several other enterprise software companies had also expressed interest in acquiring the startup. It’s believed observability provider Datadog Inc. was among the prospective buyers. 

The company will use Laminar’s technology to extend the existing data protection features of its flagship offering, the Rubrik Security Cloud. Those existing features include a tool that allows companies to create immutable backups of their data. An immutable backup can’t be modified or deleted, which allows it to withstand ransomware attacks. 

Rubrik also plans to open a new research and development center in Israel following the acquisition. The center, which is set to focus on cybersecurity, will join the existing engineering hubs that the company operates in Bangalore and Palo Alto. 

Image: Laminar